Garvetur has already sold 30% of the exclusive project Dom Pedro Residences, Vilamoura

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Sales made in the private condominium Dom Pedro Residences, with the project in plan, represent a turnover of more than € 22,000,000 and construction of phase I is expected to start in the first quarter of 2021.

Garvetur has already sold 30% of the exclusive project Dom Pedro Residences, Vilamoura

Located on the seafront next to the walkway that connects Vilamoura to Quarteira, the Dom Pedro Residences project is having “a remarkable receptivity on the part of investors”, ensures the CEO of Garvetur.

Reinaldo Teixeira recalls that this asset “due to its distinctive characteristics, its commercialization has been carried out in periods shorter than the average market outflow. The start of construction at the beginning of 2021, following the schedule announced by the promoters from the first hour, is a very positive sign ”, he adds.

Given the inexistence of another real estate product with an exhibition in front of the sea, in the new expansion area of Vilamoura and with the architectural characteristics presented by Dom Pedro Residences, the project offers enormous potential for tourist management with good profitability. In the surrounding area,  the owners find the beach, the market and shops, restaurants and the new Passeio das Dunas, which borders the beach whose sand stretches between Vilamoura and Quarteira. Valences that are associated with the proximity to all Vilamoura infrastructures, from the Marina to the best golf courses in Europe. They will also benefit from special conditions in the Dom Pedro offer universe, namely discounts on Dom Pedro Hotels & Golf Collection, golf courses, SPA treatments, as well as in a wide range of other services. The construction will start by plot 6, which will have 83 tourist apartments of types T2 and T4, with areas between 101m2 and 231m2, in a turnkey offer with luxury furniture and equipment. The contiguous lot will be destined to commerce and services, namely lounge area, gym, wellness center, restaurant & bar and shops.

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